Inspire Investing LLC Has $1.38 Million Position in Kilroy Realty Co. (NYSE:KRC)

Inspire Investing LLC lessened its stake in shares of Kilroy Realty Co. (NYSE:KRC) by 9.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 34,047 shares of the real estate investment trust’s stock after selling 3,593 shares during the quarter. Inspire Investing LLC’s holdings in Kilroy Realty were worth $1,377,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of KRC. Wilmington Savings Fund Society FSB bought a new position in Kilroy Realty during the 3rd quarter worth $34,000. UMB Bank n.a. grew its stake in shares of Kilroy Realty by 126.5% in the third quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 540 shares in the last quarter. Quarry LP bought a new position in Kilroy Realty during the second quarter worth about $55,000. GAMMA Investing LLC raised its stake in Kilroy Realty by 33.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 371 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Kilroy Realty by 14.8% in the 4th quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 336 shares during the period. Institutional investors and hedge funds own 94.22% of the company’s stock.

Insider Activity

In related news, insider Heidi Rena Roth sold 12,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total value of $507,360.00. Following the completion of the sale, the insider now directly owns 50,211 shares in the company, valued at $2,122,921.08. This represents a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.49% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on KRC shares. Barclays lowered their target price on shares of Kilroy Realty from $44.00 to $43.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. JPMorgan Chase & Co. raised Kilroy Realty from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $45.00 to $49.00 in a report on Friday, December 20th. Scotiabank lowered Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price on the stock. in a report on Thursday, November 14th. Mizuho reaffirmed a “neutral” rating and issued a $43.00 price target (down previously from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group downgraded shares of Kilroy Realty from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $45.00 to $41.00 in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.80.

Kilroy Realty Stock Down 1.1 %

Shares of NYSE KRC opened at $37.84 on Friday. The stock has a 50-day moving average price of $39.94 and a two-hundred day moving average price of $38.13. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 22.66 and a beta of 1.02. Kilroy Realty Co. has a 12 month low of $30.71 and a 12 month high of $43.78. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89.

Kilroy Realty (NYSE:KRC) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The company had revenue of $289.94 million during the quarter, compared to analyst estimates of $275.77 million. During the same quarter in the prior year, the business earned $1.12 EPS. The business’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, analysts forecast that Kilroy Realty Co. will post 4.41 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 31st were given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 5.71%. The ex-dividend date of this dividend was Tuesday, December 31st. Kilroy Realty’s dividend payout ratio (DPR) is currently 129.34%.

Kilroy Realty Company Profile

Kilroy Realty Corporation (NYSE: KRC, the company, Kilroy) is a leading U.S. landlord and developer, with operations in San Diego, Greater Los Angeles, the San Francisco Bay Area, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design.